Board OKs refinance

The Moberly School District Board of Education met in regular session last night (July 9).

The board approved the process for the district to refinance its bond debt.

According to Gena McCluskey, Moberly School District Superintendent, “This won’t create revenue. This just allow the district to make sure we have the lowest interest rate.”

This resolution signed by the board gives the district the prior approval to refinance the current bond debt if there is a change of more than 2.5 percent.

Also at the meeting, McCluskey started her campaign to introduce a new piece of technology to the Board of Education, school staff, and the public.

The new program is call “eBoard Solutions,” and would allow for integration of various areas of strategic planning for the district.

Based in Georgia, eBoard Solutions has been in operation since 2004, and is currently used in over 200 school districts throughout 22 states.

In other business, the board noted that currently, Governor Jay Nixon has marked House Bill 253 (which “changes the laws regarding the streamlined sales and use tax agreement, tax amnesty, the community development district tax, income tax, sales and use tax, use tax nexus, and the transportation development tax”) as a vetoed bill.

Missouri School Board Association (MSBA) is not convinced the House Bill will stay in that current state, the board noted. The MSBA and the Moberly School District are concerned that the House Bill will negatively impact the already-low funding for public schools.

Some have estimated that this bill would reduce revenue by more than $800 million, statewide.

Similar bills have been introduced in some area states, including Kansas, and have failed to generate the revenue projected. The board voted to send a letter encouraging the General Assembly to sustain the veto.

The meeting concluded with a closed executive meeting.

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